via sda:
....McLeod has a salary and bonus package worth $1.18 million per year and a contract that ensures his employment until 2025.
It didn't take too long for Tribal Councils Investment Group (TCIG) to make a name for itself as a rising star and model for First Nations wealth generation when it was formed in the early 1990s.
Founded with investments of $25,000 each from the seven Manitoba tribal councils, it parlayed that modest investment into a group of operating companies, joint ventures and equity investments that generate about $100 million in annual revenue.
But complaints about lack of accountability to shareholders and recent losses have now soured TCIG's reputation.
The corporation, led by CEO Allan McLeod, has racked up total losses of $4.7 million for the years 2010 and 2011 combined and in September was on pace for another $3.3 million in losses this year.
more
Shareholders demand answers - Winnipeg Free Press
....McLeod has a salary and bonus package worth $1.18 million per year and a contract that ensures his employment until 2025.
It didn't take too long for Tribal Councils Investment Group (TCIG) to make a name for itself as a rising star and model for First Nations wealth generation when it was formed in the early 1990s.
Founded with investments of $25,000 each from the seven Manitoba tribal councils, it parlayed that modest investment into a group of operating companies, joint ventures and equity investments that generate about $100 million in annual revenue.
But complaints about lack of accountability to shareholders and recent losses have now soured TCIG's reputation.
The corporation, led by CEO Allan McLeod, has racked up total losses of $4.7 million for the years 2010 and 2011 combined and in September was on pace for another $3.3 million in losses this year.
more
Shareholders demand answers - Winnipeg Free Press
